FX.co ★ Hong Kong Stocks Extend Losses for Third Session

The Hang Seng Index declined 90 points, or 0.4%, to 25,165 on Friday, posting a third straight session of losses as continued weakness in technology and financial stocks pressured sentiment. Local shares mirrored the subdued tone across regional markets, after a pullback in AI-related names on Wall Street triggered profit-taking in select tech and semiconductor counters in Hong Kong. Caution also lingered as investors weighed uncertainty over the fragile US–Iran ceasefire: reports of stalled negotiations clashed with President Donald Trump’s assurances that talks were still progressing and close to completion, keeping markets on edge over the risk of renewed tensions in the Middle East. Major laggards on the benchmark included AIA (-3.3%), Lenovo (-4.4%), Hong Kong Exchanges and Clearing (-0.5%), and Semiconductor Manufacturing International Corporation (-3.7%). By contrast, Tencent and Beijing 51WORLD advanced 1.3% and 9.2%, respectively.